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Billionaire Profile
Giancarlo Devasini
Global Rank
#104

Image: Public domain | via Wikimedia Commons

Giancarlo Devasini

CEO, Tether
IT
Real-Time Net Worth
$22.4B
As of December 2025
Age
61
Source
Cryptocurrency
Industry
finance-investments
Citizenship
IT

Biography

Giancarlo Devasini, the Italian businessman, is a prominent figure in the cryptocurrency world, serving as the CFO and Chairman of Tether, the leading stablecoin issuer. Born in Turin, Italy, in 1964, Devasini's career path has been unconventional, transitioning from a medical background as a plastic surgeon to the technology and finance industries. He is also the CFO of Bitfinex. His significant ownership in Tether, estimated at 47%, has fueled his substantial net worth and influence within the crypto market. Devasini has been instrumental in shaping the liquidity and stability of the cryptocurrency market, with Tether facilitating billions of transactions daily. His story reflects the dynamic and evolving nature of the digital currency landscape.

Wealth Over Time

In-Depth Profile

Early Life

Giancarlo Devasini was born in Turin, Italy, in 1964. He graduated from the University of Milan in 1990 with a medical degree, subsequently practicing as a plastic surgeon. However, after two years, he left medicine, finding it unfulfilling.

Rise to Success

Devasini's journey into the tech world began with importing and distributing computer components. He founded Point-G Srl in 1992, and later Solo SpA in 1997. Solo SpA grew to have over 100 employees and millions in revenue before its sale just before the 2008 financial crisis. His interest in cryptocurrency led him to Bitfinex in 2012, where he became a partner and later the CFO. In 2014, he co-founded Tether, which became the largest stablecoin by market capitalization.

Key Business Strategies

Devasini's primary business strategy revolves around Tether and its role in the cryptocurrency market. Tether's success is attributed to its function as a stablecoin, offering a bridge between traditional finance and the crypto world. Under his guidance, Tether has significantly influenced market liquidity.

Philanthropy

There is no verified, specific information about Giancarlo Devasini's philanthropic endeavors available in the search results.

Career Milestones

1990

Graduated with a medical degree

Obtained a degree in medicine from the University of Milan.

1992

Founded Point-G Srl

Started an electronics distribution company.

1997

Founded Solo SpA

Founded a company specializing in DRAM products.

2012

Joined Bitfinex

Became involved with the cryptocurrency exchange.

2014

Co-founded Tether

Launched the stablecoin USDT.

2025

Appointed Chairman of Tether

Promoted to Chairman, consolidating control.

Philanthropy & Social Impact

Unknown

No Information Found

$0B

No verifiable details of philanthropic activities were found.

Controversies & Challenges

1995

Software Piracy

Accused of selling counterfeit Microsoft software and fined.

2021

Misrepresenting Reserves

Tether and Bitfinex settled with the New York Attorney General over allegations of hiding losses and misrepresenting reserves.